Project RISK Management: A Fun Project Management Course

Name: Project RISK Management: A Fun Project Management Course
Rating: 4.5 (1015 reviews)

Techniques to Help You Maximize Your Project's Chance of Success Using Qualitative and Quantitative Risk Management

Created byDean A. Sheppard MEng. MSc. PMP

Last updated 11/2021

English

English [Auto],Korean [Auto],

What you'll learn

Tool and Techniques to Maximize your Project's Success using Project Risk Management
Qualitative Risk Analysis - or How to Build a Swimming Pool during a Canadian Winter
Quantitative Risk Analysis - Simulations, Probability and other Math"y" stuff
How to Use the PMBoK to understand the Risk Process
Tips to Prepare for the PMP (Project Management Professional Certification) Exam
How everyone in the United States "almost" got a free Taco Bell taco
5 Contact hours and PDU's
Mastery level knowledge of Risk Management

Course content

5 sections • 24 lectures • 4h 1m total length

Welcome to Dash Academy, an introduction to your Instructor: Dean Sheppard3:04
Welcome to the course. Tamara introduces Dash Academy and the course instructor, Dean.
Welcome to Project Risk Management: an introduction to the course5:44
Welcome to the course. To make the most of your online learning experience, download and print the note sheets that correspond with the learning material. Follow along and create your personalized student manual by adding notes to reinforce learning.
Now, let's go learn some project management,
-Dean

What is Risk Management? Techniques to Maximize your Project's Chance of Success9:54
The Risk Management Plan: Describe the Risk Plan and How it is Used5:00
What are the 4 Steps for Performing a Qualitative Risk Analysis?1:56
STEP 1: Risk Identification: Identify and Document all Known Project Risks17:11
STEP 2: Evaluating and Ranking Risks22:28
This video covers step two: evaluating and ranking risks by probability and impact scores, calculating risk severity, and prioritizing highest scoring risks with a risk matrix and plan.
Step 3.1: Treating Negative Risks (Part 1)20:22
Learn how to treat negative risks by changing the plan to reduce probability or impact, and apply avoid, transfer, mitigate, and accept strategies with practical examples.
Step 3.1: Treating Negative Risks (Part 2)7:25
This lecture examines the risk register and four negative risk strategies—transfer, avoid, mitigate, and accept—through examples like theft, weather delays, and a taco logo insurance case.
STEP 3.2: Treating Positive Risks9:33
Identify four strategies for positive risks: exploit, share, enhance, and accept. Explore examples from history such as legislating adoption, licensing, and advertising to maximize opportunities.
STEP 3.3: Establishing Contingency Plans and Budgets6:44
Establish contingency plans and a contingency fund to address risks if they occur. Rank risks with a risk register and allocate funds to cover the highest scoring ones during execution.
STEP 4: Monitoring Project Progress and Risks13:36
Monitor and track risks through execution, assign risk owners, monitor risk indicators and dependent risks, and perform ongoing risk identification, reassessment, and contingency reserve analysis through closing.
Section 2 Wrap-Up5:01
Identify and assess risks to reduce uncertainty through risk management, ranking known and unknown risks by probability and impact, then revise the plan, set contingencies, and monitor risks throughout execution.
Mastery CHECK POINT: Let's Quiz Qualitatively

Intro to Quantitative Risk Analysis4:26
Probability of Multiple Events (A and B) Happening Together7:40
Learn to combine probabilities of risk events using multiplication to estimate the chance of multiple risks, illustrated with dice and a risk register.
Probability of A or B Happening7:44
Explore quantitative risk analysis by calculating the probability of at least one of two unrelated risk events using P(A) + P(B) - P(A and B), with dice and risk examples.
Probability Distributions11:15
Decision Trees11:27
Project Simulators (Part 1)9:38
Explore how simulators model a project within software like Excel to predict outcomes over time, including time, work, and cost, with outputs that define decision boundaries.
Project Simulators (Part 2)22:27
Explore Monte Carlo simulation for project risk, using probability distributions to generate thousands of trials of cost and duration. Learn how empirical data and random numbers shape contingencies and outcomes.
Section 3 Wrap-Up13:16
Explore quantitative risk analysis, using probability, impact distributions, and Monte Carlo simulation to estimate expected value, assess contingencies, and support go/no-go decisions.
Mastery CHECK POINT 2: Let's Quiz Quantitatively
Decision Tree Exercise

Requirements

Basic understanding of Project Management as a field.
Recommend taking Dash Academy's, "Project Management: EVERYTHING FOR EVERYONE"
Anyone curious about how everyone in the United States almost got a free taco - get the answer here!
Willingness to dig deeper into the area of Risk - beware, it's Risky Business

Description

If you are involved in projects at any level, click-in and take this course! Why? Because there is NO RISK involved. We promise it will equip you with the knowledge, skills and language to communicate clearly with your project teams and key stakeholders, but, if you get into it and think, nah...not for me, we always offer a free money back guarantee! See, that is good RISK MANAGEMENT.

Here is what this Project Risk Management course is about:

First, you'll gain a clear picture of what Risk management is
Then, you will learn Qualitative and Quantitative Risk Management
For fun, you will dive deep into the tools, techniques, and activities of Risk Management
Next, learn how a Risk Management Plan is created, how risks are identified, rated, ranked and treated
As a bonus, you'll add to your repertoire of cool project stories and be able to dazzle your friends with stellar small-talk topics at your next dinner party.

Upon completion: you'll have a clear understanding of how Risk is presented in the PMBoK (Project Management Body of Knowledge). Also, you can use the information to prepare for the PMP certification exam. Finally, you will earn 5 PDU's or professional development credit required to maintain your PMP status.

More importantly, you might have a good laugh or two, or at the very least, crack a smile. We are here to give you current and relevant information, AND have a good time doing it. In all seriousness, we aim to give you a 5 STAR experience and education.

Now, let's learn some project management,

-Dean

Who this course is for:

Project managers wanting to expand their knowledge of how to effectively manage project uncertainty
People preparing for the PMP exam.
PMP's who require Professional Development Units (PDU's)
People who communicate with Risk Managers or Project Managers
Anyone who is interested in the field of Risk and Project Management
Anyone who works as a Project Manager or on a Project Team
Anyone who has 5 hours of free time to kill
Fan's of the movie "The Princess Bride"

Project RISK Management: A Fun Project Management Course

What you'll learn

Explore related topics

Course content

Hello and Welcome to Project Risk Management: Introductions2 lectures • 9min

Let's Learn about QUALITATIVE Risk Management: 4 Steps to Mastery11 lectures • 1hr 59min

Let's Learn about QUANTITATIVE Risk Management8 lectures • 1hr 28min

Let's Learn about Risk and the PMBOK1 lecture • 12min

Course Close-Out2 lectures • 14min

Requirements

Description

Who this course is for: